Cerebras files for IPO

Cerebras files for IPO

Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024. Ramsey Cardy | Sportsfile | Collision | Getty Images Artificial intelligence chip startup Cerebras Systems on Monday filed its prospectus for an initial public offering, with plans to trade under the ticker symbol “CBRS” on the … Read more

World’s first airport to require biometric boarding to arrive in 2025

World’s first airport to require biometric boarding to arrive in 2025

A woman tests Vueling’s new biometric recognition system at El Prat airport, January 19, 2023, in El Prat de Llobregat, Barcelona, Catalonia, Spain.  David Zorrakino | Europa Press | Getty Images As end-of-summer travel lines back up at TSA airport checkpoints in the U.S., one overseas airport is going all-in on a biometric passenger experience. … Read more

Hargreaves Lansdown agrees to $6.9 billion takeover by CVC consortium

Hargreaves Lansdown agrees to .9 billion takeover by CVC consortium

A logo on the headquarters of Hargreaves Lansdown Plc in Bristol, UK, on Thursday, Aug. 8, 2024.  Bloomberg | Bloomberg | Getty Images LONDON — British investment platform Hargreaves Lansdown said on Friday it had agreed to a takeover offer equivalent to £5.4 billion ($6.9 billion) by a group of investors including CVC Group. Abu … Read more

Abu Dhabi AI firm Presight buys majority stake in technology joint venture AIQ

Abu Dhabi AI firm Presight buys majority stake in technology joint venture AIQ

A general view of the city skyline at sunset from Dhow Harbour on February 5, 2015 in Abu Dhabi, United Arab Emirates. Dan Kitwood | Getty Images DUBAI — Abu Dhabi artificial intelligence firm Presight bought a 51% stake in AIQ, a joint technology venture between the Abu Dhabi National Oil Company (ADNOC) and G42, … Read more

NASA releases satellite photos of record UAE flooding

NASA releases satellite photos of record UAE flooding

NASA released photos of parts of Dubai and Abu Dhabi before and after the United Arab Emirates was hit by record rainfall last week that caused dangerous floods and paralyzed much of the country. The images, taken by NASA Earth Observatory on Friday using Landsat data from the U.S. Geological Survey, show large patches of … Read more

Abu Dhabi-backed newspaper buyout is sparking panic

Abu Dhabi-backed newspaper buyout is sparking panic

Copies of The Daily Telegraph newspaper on a newsstand in a shop in London, UK, on March 12, 2024 (L), and UAE Vice President Sheikh Mansour bin Zayed al-Nahyan speaking at COP28 on Dec. 1, 2023. Getty Images DUBAI, United Arab Emirates — Mansions, university facilities, think tanks, sports teams — the U.K. is no stranger … Read more

Goldman Sachs, Abu Dhabi ink $1 billion investment partnership for Asia Pacific

Goldman Sachs, Abu Dhabi ink  billion investment partnership for Asia Pacific

An Emirati woman paddles a canoe past skyscrapers in Abu Dhabi, United Arab Emirates, on Wednesday, Oct. 2, 2019. Christopher Pike | Bloomberg | Getty Images DUBAI, United Arab Emirates — Goldman Sachs and Abu Dhabi sovereign wealth fund Mubadala on Monday signed a $1 billion private credit partnership to co-invest in the Asia-Pacific region, … Read more

Abu Dhabi may buy stake in London’s Heathrow Airport

Abu Dhabi may buy stake in London’s Heathrow Airport

Dubai: Abu Dhabi’s Mubadala Investment is considering buying into Heathrow airport, according to people familiar with the matter, in a move that could see it join Saudi Arabia’s Public Investment Fund and Qatar Investment Authority as prominent shareholders in the London hub. Sovereign wealth fund Mubadala is weighing an investment after it was approached by … Read more